24 Jan 2020 | 2:31 AM

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COMPANYNEWS
National Plastic Q2 net profit down 56.25% at Rs 0.14 cr
  National Plastic Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-20-2019
The company reported standalone net profit of Rs 0.14 crore for the quarter ended September 30 2019 as compared to Rs 0.32 crore in the same period last year registering a year-on-year decline of 56.25 per cent.


Net revenue of the company declined by 0.37 per cent at Rs 21.52 crore in July-September quarter of this fiscal as against Rs 21.60 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 0.81 per cent to Rs 19.93 crore from Rs 19.77 crore in year ago period.


Other Income dipped by 25.00 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.04 crore).


Operating Profit slipped by 13.11 per cent to Rs 1.59 crore as against Rs 1.83 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 13.07 per cent in September quarter.


Interest declined by 6.10 per cent y-o-y to Rs 0.77 crore